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here is mitt romney trying to figure out the main thing that the americans call adult. i'm sorry i missed the here's an awful lot of interests you sir are a fool you know what kind of mind their terrorist cells in your neighborhood all want to give us a to feature isn't the only liberal and the christian public you. can see your beliefs about it. it's clear the superheated distracts us from what you and i should care about because they're profit driven industry that sells a sensational garbage he calls it breaking news. and we're going to break that. please.
here is mitt romney trying to figure out the main thing that the americans call adult. i'm sorry i missed the here's an awful lot of interests you sir are a fool you know what kind of mind their terrorist cells in your neighborhood all want to give us a to feature isn't the only liberal and the christian public you. can see your beliefs about it. it's clear the superheated distracts us from what you and i should care about because they're profit driven industry that sells a sensational garbage...
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didn't mention mitt romney doing to through ago was your, as a party, is, mitt romney going to disappear or does he have a role speak as i hope is not going to disappear and hope he does have a role. personal, very few people have done what he's done, run for president, be the nominee of the party. >> and got crushed steadfast action. he got 47, all of the votes. the truth is you want a lot of cities but he didn't lose 49 to one. he won places. he has a lot of supporters. so i think, what is also been successful in life. if you look, i told him this, mitt romney is a role model as a person. as a father, as has been, as a leader. i think he has a lot to offer the republican party and their country. i don't know what the role is going to be but i'm excited to see what it's going to be. i think he has a lot to continue to offer spent one of the issues you will talk about in the coming year is immigration. the big enchilada it's been called is immigration reform, the pathway to citizenship. yes or no, does that get done? >> i hope so. i'm really hopeful we can deal with the issue of immigrat
didn't mention mitt romney doing to through ago was your, as a party, is, mitt romney going to disappear or does he have a role speak as i hope is not going to disappear and hope he does have a role. personal, very few people have done what he's done, run for president, be the nominee of the party. >> and got crushed steadfast action. he got 47, all of the votes. the truth is you want a lot of cities but he didn't lose 49 to one. he won places. he has a lot of supporters. so i think, what...
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Dec 7, 2012
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romney's comments that 47% of the population did not pay income tax, and then it was pointed out that many of these people are retirees, some of them are soldiers fighting overseas. it is true that some people who did not make a lot of money do not owe income tax, in part because they get tax credits like the earned income tax credit, which outweighs the tax liability they have. even the poor, they pay a percentage of their income and payroll taxes. if you only look at income taxes, under a lot of people who do not pay income taxes, but almost everybody pays a lot of money in payroll taxes and sales taxes and state and local taxes and property taxes. it adds up even if they're not paying income tax. host: how would you compare the current talks to july 2011 and the debt limit, fiscal cliff, sequestration -- guest: the debt limit talks definitely set the stage for this. they were not completely without value. i get the sense it is a lot more serious now. it has almost been like a year- and-a-half long negotiation. with the real deadline being the expiration of the bush tax cuts at the
romney's comments that 47% of the population did not pay income tax, and then it was pointed out that many of these people are retirees, some of them are soldiers fighting overseas. it is true that some people who did not make a lot of money do not owe income tax, in part because they get tax credits like the earned income tax credit, which outweighs the tax liability they have. even the poor, they pay a percentage of their income and payroll taxes. if you only look at income taxes, under a lot...
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there is an actual political threshold to get passed in order to get jackson vanity repealed again romney ran you know as a cold warrior anti russian that russia was going to be the big enemy of the united states in the years to come certainly that sentiment was shared within the congress or that position would have had that least been buttressed you know post facto in the congress and so. people who would have to go home and explain their pro russian vote as it might be called by their opponents in their districts to their constituents could say hey all we did was update it we still have imposed restrictions on them but they're not communists anymore now there's some corruption there and we've given the president the tools to deal with that so i that there may very well be a considerable portion of this that's for domestic political consumption but also the internationally yes or internationally i'm sorry looking at looking at israel for example in the human rights violations that go on there the united states as was pointed out before with guantanamo with all kinds of extradition judici
there is an actual political threshold to get passed in order to get jackson vanity repealed again romney ran you know as a cold warrior anti russian that russia was going to be the big enemy of the united states in the years to come certainly that sentiment was shared within the congress or that position would have had that least been buttressed you know post facto in the congress and so. people who would have to go home and explain their pro russian vote as it might be called by their...
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but this was something that was hotly disputed within the romney campaign. he really let this stuff go because the romney campaign had some very big givers that were chemical companies. >> do we know, say, very bad, how much will prices conceivableably go up if we become an exporter of natural gas? is it that great a difference? >> we burn offer more natural gas than we use. burn off, in other words literally, you see those flames, we flare more than we use. so we got a real excess of this stuff. >> the government says that the -- 6.6% of current u.s. consumption. >> why would prices move that dramatically at all? wouldn't they just come down globally? >> the average, our $16 goes to $4. it costs $7 to get stuff from the united states. >> you should argue that they should go down because they went be the only one. dominion has brooif cove, that's the one that's most ready to go. the gorgon numbers, this is the gigantic l & e experts. it's not going to cost $60 billion. these plants cost a fortune, they put a lot of people to work. i think that this is the op
but this was something that was hotly disputed within the romney campaign. he really let this stuff go because the romney campaign had some very big givers that were chemical companies. >> do we know, say, very bad, how much will prices conceivableably go up if we become an exporter of natural gas? is it that great a difference? >> we burn offer more natural gas than we use. burn off, in other words literally, you see those flames, we flare more than we use. so we got a real excess...
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that the republicans so loved during the bush years and what they wanted to create again with governor romney. so, mr. president, i'd be happy to take a look at the proposal that the president -- that my friend, the republican leader, has shown us. if we can come up with something like we did when they created this other furor by refusing to increase the debt where we had an ability to come here and have a couple of votes to determine if we were going to increase it, if that's what they want to do again, i'd be happy to seriously take a look at that and report to the white house and my caucus. but until then, i object. mr. mcconnell: mr. president? the presiding officer: objection having been heard. mr. mcconnell: mr. president? the presiding officer: the minority leader. mr. mcconnell: my friend the majority leader indicates there is some confusion about who is the quarterback on the republican side. that is of course quite common when you don't have the white house. but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the presid
that the republicans so loved during the bush years and what they wanted to create again with governor romney. so, mr. president, i'd be happy to take a look at the proposal that the president -- that my friend, the republican leader, has shown us. if we can come up with something like we did when they created this other furor by refusing to increase the debt where we had an ability to come here and have a couple of votes to determine if we were going to increase it, if that's what they want to...
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caller: i held my nose and voted for romney. if youonservative, but ask me if i believe in abortion, i do not think it is anyone's business but the woman and her god. i think republicans are run around too much by the religious right. i think where people could -- should become independence. -- independents. you have got to think common sense in this day and time. you're not -- you cannot keep holding on to your democrat or republican party. host: that is dana in oceanside, california. san antonio, texas, a democrat. caller: i was calling about the income tax. not just getting free money, having babies. host: our next call is anjou in marlborough, massachusetts. line 4 independents. -- in robert, massachusetts. line for independents. caller: it is an american problem, and all americans need to step up and help to fix it. for me, i'm willing to pay more taxes if you show me that you're doing the right thing. maybe somehow tie it to a balanced budget amendment. all we hear is talking about increasing taxes or reducing withholdings
caller: i held my nose and voted for romney. if youonservative, but ask me if i believe in abortion, i do not think it is anyone's business but the woman and her god. i think republicans are run around too much by the religious right. i think where people could -- should become independence. -- independents. you have got to think common sense in this day and time. you're not -- you cannot keep holding on to your democrat or republican party. host: that is dana in oceanside, california. san...
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he also served as economic adviser to former presidential candidate mitt romney. kevin, what's your feeling now? i saw one of my colleagues tweeted a -- i don't get the "washington post," but dana milbank said republicans are raising a white flag as big as a bed sheet. is that how you see it? >> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which was a really aggressive first offer. and then the republican s countered with a moderate reasonable plan exactly modeled after a proposal by erskine bowles. so if you're trying to handicap the negotiations, you'd have to concede that dana is on to something. >> really. so -- >> at least like the starting point. so basically the starting point for the republicans is what president obama probably would have viewed as a victory if they had the negotiation. >> yeah, he wanted another 400 supposed supposedly. how does simpson-bowles get to -- how does it raise revenue? what's the number that it r
he also served as economic adviser to former presidential candidate mitt romney. kevin, what's your feeling now? i saw one of my colleagues tweeted a -- i don't get the "washington post," but dana milbank said republicans are raising a white flag as big as a bed sheet. is that how you see it? >> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which...
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but when marco rubio was giving his speech, he didn't mention the word "romney" once, and there was a message in that. and that was that he's turning the page. and so that passage that you were just talking to is his idea that there's a new conservatism that can appeal to more people -- that more people in society, people in even, say, the 47%, can be convinced that conservatives can help them. >> all right. mike allen. >> harold, would you like to crinkle up some more papers? >> i apologize. i was getting excited with this paper. learning how to fold. >> he was teaching him how to do origami. i thought it wasn't the right time. >> paper airplanes. very impressed with what i saw of marco rubio yesterday and how he handled the science question. he was light afoot. i thought he handle it had very well. >> ran the gauntlet of the mike allen primary, which is a key part of anyone getting elected president. but i'll say, you talk to republicans about 16 -- and obviously people are already talking about it -- on the broadcast on "way too early," hillary clinton, what people are auditioning
but when marco rubio was giving his speech, he didn't mention the word "romney" once, and there was a message in that. and that was that he's turning the page. and so that passage that you were just talking to is his idea that there's a new conservatism that can appeal to more people -- that more people in society, people in even, say, the 47%, can be convinced that conservatives can help them. >> all right. mike allen. >> harold, would you like to crinkle up some more...
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. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? jennifer >>>> i want the people who watch our show to be able to come away armed with facts and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. you see grandma lives waaaay down here and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. uncle earnie? waaay out in hawaii. but don't you worry, we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. sa
. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? jennifer >>>> i want the people who watch our show to be able to come away armed with facts and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. you see grandma lives waaaay down here and you live way up here. brian, your cousin, he's a little bit older...
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romney lost. >> damn it. i guess it's time i explained to these good people the upcoming fiscal cliff. think of the economy as a car and the rich man is the driver. if you don't give the driver money, he'll drive you over a cliff. it's just common sense. furthermore, rich people feel things more deeply than the common man. >> well, the rich are hardly the only ones to suffer from a fiscal cliff. did you see the book? nate silver "can't add" and some binders full of women. >>> alan simpson has joined forces with can kicks back, trying to get young people to recruit their friends and use social media to encourage congress to come to a deficit reduction deal. there's alan simpson doing his part with a homage to internet sensation gangnam style. >> stop instagraming your breakfast and tweeting your first world problems and getting on youtube so you can get gangnam style. ♪ gangnam style >> and start using those social media skills to go out and sign people up on this baby, take part or get taken apart, boy thes
romney lost. >> damn it. i guess it's time i explained to these good people the upcoming fiscal cliff. think of the economy as a car and the rich man is the driver. if you don't give the driver money, he'll drive you over a cliff. it's just common sense. furthermore, rich people feel things more deeply than the common man. >> well, the rich are hardly the only ones to suffer from a fiscal cliff. did you see the book? nate silver "can't add" and some binders full of women....
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that came up with mitt romney. his effective tax rate was so low. he was paying the capital gains tax instead of income tax so was effective tax rate was 13% or 14%. the stepped-up basis is an important point as well. you pay taxes on capital gains tax, it is based on the value of the estate when you inherited it. host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick question about the comments of the 401(k). i used to work for a cpa firm. i understand they are income tax deferred instruments. when you take it out, the tax you pay is income tax. the assumption is the rate would be lower. let's say the ra
that came up with mitt romney. his effective tax rate was so low. he was paying the capital gains tax instead of income tax so was effective tax rate was 13% or 14%. the stepped-up basis is an important point as well. you pay taxes on capital gains tax, it is based on the value of the estate when you inherited it. host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james....
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romney was cursed with white skin, and rich and powerful father. the best education money could buy, and numerous cars, houses, boats, and offshore bank accounts. life can be so cruel. i loved the way that he mocked him. meanwhile what is john boehner up to? other than fighting the president on the grand bargain and the so-called fiscal cliff, he said if you do filibuster reform, and you actually can get legislation passed through the senate well, we would hate that because we love gridlock in washington as the republicans right? so he said, if the senate reforms it, the filibuster, we'll block every vote. quote, any bill that reaches the republican-led house based on the senate democrat's heavy handed power play would be dead on arrival. if you thought gridlock was bad before, wait until you get a load of the new gridlock where he would kill every single bill. do you remember what president obama said before the election? i'll remind you don't worry here it comes. my hope, my expectation is that after the election, now that it turns out that the g
romney was cursed with white skin, and rich and powerful father. the best education money could buy, and numerous cars, houses, boats, and offshore bank accounts. life can be so cruel. i loved the way that he mocked him. meanwhile what is john boehner up to? other than fighting the president on the grand bargain and the so-called fiscal cliff, he said if you do filibuster reform, and you actually can get legislation passed through the senate well, we would hate that because we love gridlock in...
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mitt romney going to disappear or does he have a continuing role? >> i hope he doesn't disappear and hope he has a continuing role. first of all, very few people have done what he has done, run for president and be the nominee of the party. >> and get crushed. >> that's not accurate. he got 47%. he won a lot of states. he didn't lose 49-1. he won places and has a lot of supporters. but he has been successful at life. and i told him this, too. mitt romney is a role model as a person, a father, husband, community leader. he has a lot to offer the republican party and our country and i don't know what that role is going to be but i'm excited because he has a lot to continue to contribute. >> one of the issues you will be talking about in the coming year is immigration and the big encilada is a pathway to citizenship. can that get done in the next four years? >> i hope so. i think it needs to be dealt with comprehensively but not in a comprehensive package of bills. each of these issues has their own constituencies and deserve to be dealt with squarely
mitt romney going to disappear or does he have a continuing role? >> i hope he doesn't disappear and hope he has a continuing role. first of all, very few people have done what he has done, run for president and be the nominee of the party. >> and get crushed. >> that's not accurate. he got 47%. he won a lot of states. he didn't lose 49-1. he won places and has a lot of supporters. but he has been successful at life. and i told him this, too. mitt romney is a role model as a...
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here is mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm just a guy who cares an awful lot of money you sir are a fool you know what kind of my soul but i don't want us to defeat terrorism the only liberal democrats trying. to secure the support of the. you know the for going to distract us from what you and i should care about because they're profit driven industry that sells a sensationalistic garbage he calls it breaking news i'm abbie martin and we're going to break this that. welcome back our guest michael wood for the exposed fraud at the japanese firm a limp this live to tell about it he's here on our set giving us the lessons that he feels not pulling any punches when it comes to japanese corporate governance and now i want to speak more broadly to you about the economy because you you worked there you are an employee of olympus for thirty years i know that entire time was not in japan but you spent years there in terms of corporate governance you called it an alice in wonderland experience but i'm i'm wondering what y
here is mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm just a guy who cares an awful lot of money you sir are a fool you know what kind of my soul but i don't want us to defeat terrorism the only liberal democrats trying. to secure the support of the. you know the for going to distract us from what you and i should care about because they're profit driven industry that sells a sensationalistic garbage he calls it breaking news i'm abbie...
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and just as an independent analyst confirmed about the ryan plan, and just like we saw in the romney plan, when you're talking about simply closing loopholes and ending deductions, either the math doesn't add up or the middle class ends up bearing the entire burden. republicans are tying themselves up in knots to avoid the obvious. easiest way to raise revenue from the wealthiest americans is simply to allow the bush tax cuts for the top 2% to expire as scheduled. that's what the democrats want. it's what the american people support. and it would move us a long way towards balanced and bipartisan dealing we're all working to get to. mr. president, my colleague in the house of representatives, minority leader pelosi, is circulating a discharge petition to bring the senate bill to the house floor. i strongly support this move and i urge house republicans to sign on and allow this legislation to come to the floor for a vote. mr. president, democrats have proven we are willing to make the tough compromises, that a balanced and bipartisan deal will require. and we've been very clear we wi
and just as an independent analyst confirmed about the ryan plan, and just like we saw in the romney plan, when you're talking about simply closing loopholes and ending deductions, either the math doesn't add up or the middle class ends up bearing the entire burden. republicans are tying themselves up in knots to avoid the obvious. easiest way to raise revenue from the wealthiest americans is simply to allow the bush tax cuts for the top 2% to expire as scheduled. that's what the democrats...
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ryan praised romney and spoke out against divisive politics as some soft rind distancing himself from the 47% remark. paul ryan mentioned poverty 15 times and says that the gop has to stick to conservative principles and appeal to more voters. >> the election didn't go our way. the republican party can't make excuses. we can't spend the next four years on the sidelines. instead, we must find new ways to apply a timeless principles to the challenges of the day. >> marco rubio barely even mentioned the campaign and focus on conservative policy proposals. he says they will strengthen and expand the middle class. he says the middle class is struggling and it's harder for some people to reach out. >> there is a growing opportunity gap developing. millions of americans worry that they may never achieve middle-class prosperity and stability, and they worry that their children will be tracked as well. with the same life and problems. >> a rough count has it as many as 22 republicans actually talking about it. in a few cases, some people have already hired advisers who specializes in president
ryan praised romney and spoke out against divisive politics as some soft rind distancing himself from the 47% remark. paul ryan mentioned poverty 15 times and says that the gop has to stick to conservative principles and appeal to more voters. >> the election didn't go our way. the republican party can't make excuses. we can't spend the next four years on the sidelines. instead, we must find new ways to apply a timeless principles to the challenges of the day. >> marco rubio barely...
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but swonk admits the current tax code that allows income from investment, as in mitt romney's 15% tax bill two years ago, needs fixing. "someone who's making a gazillion dollars should not get carried interest taxes. that's just wrong." the markets have been skeptical that a long-term deal will be made. equity analysts are not optimistic. "we're expecting more volatility in the first half of 2013. we expect we'll be hearing debt ceiling discussions again." for now, fiscal cliff negotiations have slowed activity. "this is where the market is frustrated by politics. it's a vicious circle." even at a meeting of start-ups, a group some consider below the radar of fiscal cliff negotiations, some entrepreneurs are becoming unusually cautious. "you have to take pause and assess what healthcare and taxes may cost, but we also have an obligation to our investors, so we see the fiscal cliff thing as a temporary roadblock but not something that...it won't stop us from hiring at this moment." one bright spot - according to analysts at mesirow, housing, expecially new housing, in many markets is b
but swonk admits the current tax code that allows income from investment, as in mitt romney's 15% tax bill two years ago, needs fixing. "someone who's making a gazillion dollars should not get carried interest taxes. that's just wrong." the markets have been skeptical that a long-term deal will be made. equity analysts are not optimistic. "we're expecting more volatility in the first half of 2013. we expect we'll be hearing debt ceiling discussions again." for now, fiscal...
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which is a huge difference, one reason why people like me look at former presidential candidate mitt romney talk about npr or planned parenthood. the number one answer for balancing the budget is foreign aid. which if you really wanted to balance the budget and you don't always have to go to the department of justice or whatever it may be. but over the next ten years, 90% of federal outlays will be medicare, medicaid, social security, defense spending and interest on the debt. you can wipe everything else out and you'll basically -- >> it's like what you were talking about in the last hour, to rational exuberance. americans want it, want it now, and don't want to pay for it. there's a certain quality in american democracy that just allows us to be completely self-deluded. >> dan brought up an grinterestg point, the debt. which they're going to go up, at that point, you've got a serious problem on your hands. >> why wouldn't -- as a leader of the free world, why wouldn't you be saying i've got to get these entitlements under control? they're not even talking about it, not addressing it on th
which is a huge difference, one reason why people like me look at former presidential candidate mitt romney talk about npr or planned parenthood. the number one answer for balancing the budget is foreign aid. which if you really wanted to balance the budget and you don't always have to go to the department of justice or whatever it may be. but over the next ten years, 90% of federal outlays will be medicare, medicaid, social security, defense spending and interest on the debt. you can wipe...
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everybody didn't get a chair, such as mitt romney. they want to retain power for the next five or six months. there is a unique opportunity to governor. second, there is that fiscal cliff. it does not appear that we will see something here. that will be positive and significant. there is a billion-dollar number that is key. the revenue side, that is the key number. how do you get to that number? >> $600 billion? >> wasn't that the number two summers ago in 2011? >> i do not think so. you need the white house? >> yeah. >> we have a minute left. anyone else? >> i do not think we need to argue about the cbo right now for all the reasons we talked about. the outcomes of these experiments are uncertain. cbo cannot buy in before it knows the evidence. i strongly support what he said about leadership. this is a moment for a huge opportunity. the president needs to lead and the leaders of congress need to sit down and work this thing out. it is not that hard. we need to do it. other countries do it. we can do it. there is no reason why we sho
everybody didn't get a chair, such as mitt romney. they want to retain power for the next five or six months. there is a unique opportunity to governor. second, there is that fiscal cliff. it does not appear that we will see something here. that will be positive and significant. there is a billion-dollar number that is key. the revenue side, that is the key number. how do you get to that number? >> $600 billion? >> wasn't that the number two summers ago in 2011? >> i do not...
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even in this presidential campaign, the president was attacked by mitt romney for it. what mitt romney forgot to mention is none of those cuts in spending in medicare cut benefits. when we did the reductions in medicare spending, we made sure none of those could come at the expense of american seniors who are receiving medicare. the reason you can do that is because there are enough savings to be have. -- had. you go after some of the fraud and waste and you get a ton of savings. that is what we did. in a district, there are a lot of efficiencies to learn from. we are willing to discuss reduce spending on important programs. what we are not willing to discuss is, in the first instance, how you pay for deficits that were caused by things other than these programs. we did not pay for these two wars in iraq and afghanistan. we did not pay for the bush tax cuts that went heavily for the very wealthy. why seniors should take cuts to their services and benefits they paid for in medicare or social security so we can draw down deficit and debt that was caused, that is where it
even in this presidential campaign, the president was attacked by mitt romney for it. what mitt romney forgot to mention is none of those cuts in spending in medicare cut benefits. when we did the reductions in medicare spending, we made sure none of those could come at the expense of american seniors who are receiving medicare. the reason you can do that is because there are enough savings to be have. -- had. you go after some of the fraud and waste and you get a ton of savings. that is what...
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romney forgot to mention is none of those cuts in spending in medicare cut benefits. when we did that we made sure that none of the reductions would come at the expense of american seniors who were receiving medicare. and the reason you could do that because there's enough savings to be had. you could get rid of some of the medicare mills, the replication of services and you get a ton of savings. that's what we did. as mr. waleds said, in his district -- walz said, in his district we have a lot of things we can learn from. we're willing to discuss on how to reduce spending on medicare, medicaid and so forth. what we're not willing to discuss in the first instance how you pay for deficits that were caused by things other than these programs. we didn't pay for these two wars in iraq and afghanistan. we didn't pay for the bush tax cuts that went heavily towards the very wealthy. and so why all of a sudden seniors in america should take cuts to their services and benefits they paid for in america and social security so we can drawdown deficits and debt that was caused by
romney forgot to mention is none of those cuts in spending in medicare cut benefits. when we did that we made sure that none of the reductions would come at the expense of american seniors who were receiving medicare. and the reason you could do that because there's enough savings to be had. you could get rid of some of the medicare mills, the replication of services and you get a ton of savings. that's what we did. as mr. waleds said, in his district -- walz said, in his district we have a lot...
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where governor romney talked about closing loopholes. but that's not going to get us where we need to go. in terms of revenue, we have to put real serious revenue on the table and that's why the president is being more specific about this idea of raising rates which a strong majority of americans, which includes republicans and independents agree with. so the far right at some point. >> 60% in the exit polls. >> that's right. including 63% of independents. and you've got a situation also, the exit polls show that about 53% of americans thought romney was going to be protecting the wealthiest americans. the republican party's got to be very careful not to get itself locked into that narrative again. >> and that might be why, david, speaker boehner, majority leader eric cantor, kevin mccarthy are working to keep them on the outside of the circle as they negotiate this deal. do you think that's true? >> no. no. first off, having worked with the speaker for many years, he's got everybody involved in these negotiations and everybody knows wha
where governor romney talked about closing loopholes. but that's not going to get us where we need to go. in terms of revenue, we have to put real serious revenue on the table and that's why the president is being more specific about this idea of raising rates which a strong majority of americans, which includes republicans and independents agree with. so the far right at some point. >> 60% in the exit polls. >> that's right. including 63% of independents. and you've got a situation...
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romney and mr. ryan campaigned against the president on, paul ryan's budget included the same reductions and it's likely they will be in his budget that's coming forward. let's act on things that we agree. let's rebuild and renew america and find ways to save the money and puts on a path to fiscal responsibility that the american public needs and demands. the speaker pro tempore: the chair recognizes the gentleman from oklahoma, mr. lankford, for five minutes. mr. lankford: in a few days we're going to have to resolve the fiscal cliff. eye roncally enough, something the house of representatives passed last may. in april set out a tax plan. in may passed a sequestration plan, went to the senate and said we're going to see you in the lame duck time period. we're in the lame duck and this had has to be solved. we have to solve the problem. the first thing is to define what the problem even is. it seems one group is talking about the real problems, the fiscal cliff, and the other group is talking about
romney and mr. ryan campaigned against the president on, paul ryan's budget included the same reductions and it's likely they will be in his budget that's coming forward. let's act on things that we agree. let's rebuild and renew america and find ways to save the money and puts on a path to fiscal responsibility that the american public needs and demands. the speaker pro tempore: the chair recognizes the gentleman from oklahoma, mr. lankford, for five minutes. mr. lankford: in a few days we're...
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i thought it was really interesting there's a new beat to the country after the election defeat of romney the way in which the governors in las vegas who spoke about modernizing gop as you might do abroad. can they push the gop along to the extent that we get a deal sooner rather than later on this particular issue? >> reporter: in theory they could. in practice the national political dialogue and state level political dialogues move on separate tracks. the governors can lend their voices but they can't have a lot of influence. members of the house and senate who are elected in particular states, they are driven by their own electoral imperatives and political imperatives and the governors have influence but not all that much. the one thing that is true about the governors, simon, most states are strained financially. they need more money. the healthier the federal government is financially, the more aid they get in those states and the reverse is true as well. the worst the federal deficit, the more aids to states get cut. >> okay. john, thank you very much. the view there from washingto
i thought it was really interesting there's a new beat to the country after the election defeat of romney the way in which the governors in las vegas who spoke about modernizing gop as you might do abroad. can they push the gop along to the extent that we get a deal sooner rather than later on this particular issue? >> reporter: in theory they could. in practice the national political dialogue and state level political dialogues move on separate tracks. the governors can lend their voices...
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has been was a china adviser to mitt romney. he now heads the university of chicago. but he basically wrote about the sort of two chinas or to the ages. he said there's sort of a doctor jekyll and mr. hide that's evolving to a doctor jekyll, which is the nicer of the two is the economic issue. the dr. height is the strategic asia, is the security agent. if you look at the economic asia there's heavy amounts of interdependence, everybody is investigating each other. $19 billion in regional trade which includes india. if you look at the security asia, national entity, orders dispute, historical grievances just are driving things apart and you're seeing real impact on these. in the has its own problems in the region across china region across china. region across chandigarh on the border dispute. if you look at this is something that you want to be deeply engaged in or do you look at this is basically something that you can ride along and freeload and let america and canada and japan handled? >> steve, your question -- >> i'm and freeload, by the way. >> that by the way
has been was a china adviser to mitt romney. he now heads the university of chicago. but he basically wrote about the sort of two chinas or to the ages. he said there's sort of a doctor jekyll and mr. hide that's evolving to a doctor jekyll, which is the nicer of the two is the economic issue. the dr. height is the strategic asia, is the security agent. if you look at the economic asia there's heavy amounts of interdependence, everybody is investigating each other. $19 billion in regional trade...
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but, this proposal, fundamentally, is an awful lot like what mitt romney was talking about during the campaign. the deductions, for example, if we're going to get the $800 billion from, you can't -- they don't add up. you can't get there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point. that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing rates to expire. >> we're going to be talking to senator johnson this morning also xavier becerra about the details or lack of
but, this proposal, fundamentally, is an awful lot like what mitt romney was talking about during the campaign. the deductions, for example, if we're going to get the $800 billion from, you can't -- they don't add up. you can't get there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point....
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if republicans do this, they might as well get mitt romney's 47% comments printed on t-shirts and wear them for the rest of their lives. so republicans have to realize that they are going to cave on tax rates. the only question is what they get in return. what they get should demand -- what they should demand is this, that the year 2013 will be spent putting together a pro-growth tax and entitlement reform package that will put this country on a sound financial footing through 2040. what's wrong with that? >> nothing's wrong with that. but can anybody do it? is the art of the deal dead in washington? that's the question. >> very good, mike barnicle. >> not to shock you, mika, i disagree. don't cave, compromise. and if not willing to compromise -- >> yes, that's the difference. >> if they're not willing to compromise, don't cave. >> republicans that won in their districts, landslides, they can stare down the president and just wait. don't wait, but do compromise. and there's no sense this president wants to compromise. and right now, there's no sense that republican leaders actually wan
if republicans do this, they might as well get mitt romney's 47% comments printed on t-shirts and wear them for the rest of their lives. so republicans have to realize that they are going to cave on tax rates. the only question is what they get in return. what they get should demand -- what they should demand is this, that the year 2013 will be spent putting together a pro-growth tax and entitlement reform package that will put this country on a sound financial footing through 2040. what's...
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mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these deductions? guest: they can be important. the goal is to not get rid of the budget deficit. lots of people do not want to get rid of the budget deficit. they want to get it down to a manageable level. opinions differ. you can make a big dent through closing or reducing the loopholes. host: do you expect them to play a role? could they end up on the chopping block? guest: republicans have put them on the table. i think you probably will see some of both. this is a process that will go on for the better part of the next year. during that process, you will s
mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these...
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. >>> mitt romney has a new job a month after he lost his bid for president. he is rejoined the board of marriott international. >>> next up -- two big union battles are playing out. one has america's busiest port at a standstill. the other has fast food workers demanding a union and maybe even double the pay they're currently making. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> a strike bringing am
. >>> mitt romney has a new job a month after he lost his bid for president. he is rejoined the board of marriott international. >>> next up -- two big union battles are playing out. one has america's busiest port at a standstill. the other has fast food workers demanding a union and maybe even double the pay they're currently making. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in...
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. >>> and this just in, we're hearing what mitt romney will be doing in the future. we'll tell you about his new gig. >>> plus, more on our breaking news from capitol hill now getting that counteroffer from republicans to the white house, their initial starting point plan when it comes to the fiscal cliff. le announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15, seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to red lobster. yep. [ male announcer ] come try our new menu and sea food differently! and introducing 7 lunch choices for just $7.99. salad, sandwiches, and more. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> quick update for you on forme
. >>> and this just in, we're hearing what mitt romney will be doing in the future. we'll tell you about his new gig. >>> plus, more on our breaking news from capitol hill now getting that counteroffer from republicans to the white house, their initial starting point plan when it comes to the fiscal cliff. le announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our...
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mitt romney, you're wrong. we need more teachers, not fewer teachers and more cops and more firefighters that support our did you get chips for the party? nope. cheese plate? cheese plate...nope. i made something better. ♪ ♪ you used the oven? boom ♪ ♪ [ male announcer ] pillsbury crescents. let the making begin. [ female announcer ] why settle for plain bread? here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. where you don't back down from a challenge. this is the age of knowing how to make things happen. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing upset stomach, and abnormal vision. to avoid
mitt romney, you're wrong. we need more teachers, not fewer teachers and more cops and more firefighters that support our did you get chips for the party? nope. cheese plate? cheese plate...nope. i made something better. ♪ ♪ you used the oven? boom ♪ ♪ [ male announcer ] pillsbury crescents. let the making begin. [ female announcer ] why settle for plain bread? here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of...
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. >> ed connor this year, worked with mitt romney, on with us, author of "unintended consequences," and you say if you're going to raise taxes, you have to get something back which is what? >> make any tax increase, rolling back bush tax cuts, for example, conditional upon reaching agreement that stop the debt growing as a percent of gdp. they can't reach the agreement by the end of the year so as a part of this, agree to retroactively roll back bush tax cuts if they reach agreements. >> the democrats thought they did enough deficit cutting. >> not even close. >> right. >> 0%, you need $900 billion of tax increases or spending cuts to stop debt growing as a percent of gdp. on the $900 billion you need, you need more than that. the president, who wants to support his spending, needs enormous tax increases, and public opinion says he can blame tax increases on republicans if he's over the cliff so his threat to go over the cliff, i think, is very credible, and i think the republicans are in a very procare yows negotiating position because if they are blamed for this, they'll loss the hous
. >> ed connor this year, worked with mitt romney, on with us, author of "unintended consequences," and you say if you're going to raise taxes, you have to get something back which is what? >> make any tax increase, rolling back bush tax cuts, for example, conditional upon reaching agreement that stop the debt growing as a percent of gdp. they can't reach the agreement by the end of the year so as a part of this, agree to retroactively roll back bush tax cuts if they reach...
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mitt romney licking his wounds over an election loss he thought would never happen. hats next for him and why he's not interested in hoping to remake the republican party. plus a bittersweet victory for the kansas city chiefs as the team and its fans try to come to grips with the senseless tragedy, what drove jovan belcher to kill his girlfriend and then himself. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. an
mitt romney licking his wounds over an election loss he thought would never happen. hats next for him and why he's not interested in hoping to remake the republican party. plus a bittersweet victory for the kansas city chiefs as the team and its fans try to come to grips with the senseless tragedy, what drove jovan belcher to kill his girlfriend and then himself. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze...
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>> first of all, if you remember well, stuart, mitt romney and the republicans beat up on president obama for the last three years for cutting medicare at $716 billion. he has already showed he is willing to take a big bite out of a major entitlement program. stuart: hold on a second. i do remember it. that is not reform. that is not reforming the structure of entitlement programs. that is the issue. >> i think the focus has been on medicare. the attention now needs to be on medicare inside the aca. there were large structural reforms in the way healthcare was playing out. in fact, last year, we had a slower rate of growth and health care spending that we have had in quite a time. whether president has proposed is part of the current negotiations is another $300 billion cut in medicare. stuart: that is a cut. you do understand, that what we really -- >> stuart, that just is not true. we have not seen them play out. certainly, we will have to be coming back every year. usually, through a committee process where people vote at the end of the day. the republicans decided to take another cour
>> first of all, if you remember well, stuart, mitt romney and the republicans beat up on president obama for the last three years for cutting medicare at $716 billion. he has already showed he is willing to take a big bite out of a major entitlement program. stuart: hold on a second. i do remember it. that is not reform. that is not reforming the structure of entitlement programs. that is the issue. >> i think the focus has been on medicare. the attention now needs to be on...
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as would be president mitt romney tells it, i will lead us out of this debt and spending inferno. >> oh, come on. really? >> stephanie: how did that go for you, mittens? government -- so here's the graph. government spend -- would you like the fun facts? >> government spending under obama including his stimulus bill is rising at 1.4% annualized pace slower than at any time in four years. >> how outrageous. >> stephanie: look. >> that's very visual. >> stephanie: everybody look. >> see the chart? >> those poor radio people. >> stephanie: as compared to reagan 8.7%. reagan '86-'89. bush two the second term i'm talking about 8.1%. 1.4% is where obama is. >> spending, spend spend! >> outrageous! >> i won't spend that. boehner is flabbergasted. i'm really flabbergasted! >> stephanie: did you see mitch mcconnell said he burst out laughing at the president's proposal. somebody sent me a picture of a galapagos turtle. >> i'll have the last laugh. i'll live to be 370 years old. >> stephanie: okay. federal spending is rising at the slowest pace since dwight eisenhower brought the korean war to
as would be president mitt romney tells it, i will lead us out of this debt and spending inferno. >> oh, come on. really? >> stephanie: how did that go for you, mittens? government -- so here's the graph. government spend -- would you like the fun facts? >> government spending under obama including his stimulus bill is rising at 1.4% annualized pace slower than at any time in four years. >> how outrageous. >> stephanie: look. >> that's very visual. >>...
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mitt romney's tax rate. those come up in that argument. listen, it may be certainly they wanted to do it before the end of the year. this having been a leverage buyout, they like to keep their leverage ratio pretty high. 4.5 times. then they generate cash flow and pay it down and go to capital markets and borrow another billion dollars and they pay two more dollars to their holders who continue to be some of the lbo firms that took it private. >> that's a game plan that works. >> it has worked well. >> rates are so low. why doesn't everybody do that? >> works well. as a former fully owned by private equity they are more comfortable with leverage than others are. >> a level of comfort that i find to be -- they are insensitive to the economy and they're a winner in obama care. 2014 begins and i'm picking numbers up. hca. even with this leverage. raising numbers, hca, 2014. i'm doing that right now. cramer firm is taking up numbers. >> you did it in your head. >> i did. i'm going to ask the sales force to go out with it and i think he can get
mitt romney's tax rate. those come up in that argument. listen, it may be certainly they wanted to do it before the end of the year. this having been a leverage buyout, they like to keep their leverage ratio pretty high. 4.5 times. then they generate cash flow and pay it down and go to capital markets and borrow another billion dollars and they pay two more dollars to their holders who continue to be some of the lbo firms that took it private. >> that's a game plan that works. >> it...
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,,,,,,, >> schieffer: so after a bitter and long campaign, there they were in the oval office, mitt romney and barack obama, not the first time it's happened, and that is our "face the nation" flashback. >> good luck. >> schieffer: it's become traditional for presidential winners and loseiz to get together after the election. sometimes it goes well. sometimes it doesn't. when george bush beat al gore in the bitter campaign of 2000, oit going president clinton invited bush over for a two-hour session. but bush's meeting with al devoir, the man he beat, lasted only 15 minutes. brush said he had to get back to texas for a christmas party. when richard nixon beat hubert humphrey, there was a certain been there, done that, feeling when he invited humphrey of free to chat. >> i recall in 1960 after losing a very close election that president-elect kennedy could me when i was here in florida and history repeat itself. so i know exactly how you feel. >> thank you very much. >> schieffer: after beating bob dole in 1996, bill clinton invited dole to the white house for a ceremony honoring world war
,,,,,,, >> schieffer: so after a bitter and long campaign, there they were in the oval office, mitt romney and barack obama, not the first time it's happened, and that is our "face the nation" flashback. >> good luck. >> schieffer: it's become traditional for presidential winners and loseiz to get together after the election. sometimes it goes well. sometimes it doesn't. when george bush beat al gore in the bitter campaign of 2000, oit going president clinton invited...
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he was a key romney adviser during the campaign. diane swonk is also with us, she's the chief economist from a financial company. joining us from chicago. let me start with you. the deduction is getting about $10 billion more expensive every year. but this is money in people's pockets. christine does outline that low income people don't nearly get the benefit of this that high income people do or high value homeowners do. but it is money in the economy. so what's the danger of pulling it out? what does it do to the economy or the housing industry? at this stage of the game the danger is very little. i wouldn't eliminate it entirely. this is a major transition. but i do think it needs to be major scaled back so that most americans can benefit from it. but we really would rather have high income americans investing in our future, investment markets and equity markets, things like that rather than in their homes. if they can build multimillion dollar homes, you don't need a million dollar deduction. on subsidizing that from the governm
he was a key romney adviser during the campaign. diane swonk is also with us, she's the chief economist from a financial company. joining us from chicago. let me start with you. the deduction is getting about $10 billion more expensive every year. but this is money in people's pockets. christine does outline that low income people don't nearly get the benefit of this that high income people do or high value homeowners do. but it is money in the economy. so what's the danger of pulling it out?...
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was also anger you saw in the tea party movement and it was anger that was directed at mitt romney who is seen not as a business guy which is how he wanted to be seen but as a wall street guy, as a financial guy, someone taking too much advantage. one of the take aways from the last election was a wall street that was really damaged by this president and has done a lousy job addressing people's feelings, over the course of the past few years, i don't think that is the case. i really think we have a problem that is getting worse and more challenging and likely to provoke more, not fewer, uprisings of the tight you solid occupy or the tea party. >> host: you have had several careers including serving as undersecretary of commerce in the clinton administration, managing director of the kissinger associates and and a former businessman. is being capital type of operation a black rock type operation healthy for our economy? >> guest: it is essentials for the economy. it needs private equity, an innovator to go to somebody with capital and be able to applies at capital to they're big ideas a
was also anger you saw in the tea party movement and it was anger that was directed at mitt romney who is seen not as a business guy which is how he wanted to be seen but as a wall street guy, as a financial guy, someone taking too much advantage. one of the take aways from the last election was a wall street that was really damaged by this president and has done a lousy job addressing people's feelings, over the course of the past few years, i don't think that is the case. i really think we...
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mitt romney saying you won't see any sunlight between the u.s. and israel. is the u.s. relationship and vice versa a healthy relationship? >> it's a remarkable relationship between one of the nations that have the smallest majority in israel and our great country, and it's almost a mystical relationship when you think of how much support we have showered on israel and how much support we get back. it's due to the fact that this is not just jewish support, we're only 2% of the population in the united states. it's because we have shared values, shared enemies, and islamic terrorism. that many people in the united states view israel as the holy land not just jews but non-jews as well. there's a remarkable time when there is so much polarization between the republicans and democrats. it's one of the few foreign policy issues that actually unite democrats and republicans. >> what -- the future of the jews, is your book title provocative in any way? do you mean to be? >> i mean it to be. the question is can of people who have survived calamities for 3,000 years in effect acc
mitt romney saying you won't see any sunlight between the u.s. and israel. is the u.s. relationship and vice versa a healthy relationship? >> it's a remarkable relationship between one of the nations that have the smallest majority in israel and our great country, and it's almost a mystical relationship when you think of how much support we have showered on israel and how much support we get back. it's due to the fact that this is not just jewish support, we're only 2% of the population...
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99
Dec 1, 2012
12/12
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CSPAN
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this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. are you there? caller: i have a question for you. i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries would be affected. host: children make up a lot of these credits. which of these are affected by the
this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. are you there? caller: i have a question for you....
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152
Dec 1, 2012
12/12
by
CNBC
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and now that governor romney is no longer and the electoral politics are behind us they're really in a box. on the one hand they now are tied to the idea that they have to invest in something that's pro-growth. but this idea that you repeal obama care and we get growth -- >> why is it unreasonable for the gop to want to extend the eligibility age for medicare, to want to fix colas for social security? these things have been around for a long time. >> because you're balancing the budget on the backs of vulnerable people. >> democrats have supported these kinds of things. they essentially want to means test medicare. i'm not sure i agree with this but they want a progressive shift in that. why is that a bad thing? >> going after seniors who are now eligible at 65 and bumping up the eligibility age when you're talking about people word in some cases long term unemployed, in jobs where they are making -- can't pay their bills. let's remember where this deficit came from. it came from the iraq war run off budget. it came from a financial crisis that rewarded a lot of executives who are st
and now that governor romney is no longer and the electoral politics are behind us they're really in a box. on the one hand they now are tied to the idea that they have to invest in something that's pro-growth. but this idea that you repeal obama care and we get growth -- >> why is it unreasonable for the gop to want to extend the eligibility age for medicare, to want to fix colas for social security? these things have been around for a long time. >> because you're balancing the...
120
120
Nov 30, 2012
11/12
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FBC
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have an agreement among all parties, congressional republicans as well as barack obama and if mitt romney had become president the same thing, and the last-- absolutely. stuart: we're going to unleash borrowing? >> i think what we need-- >> take off that ceiling and allow the the president to spend what he wants and therefore, borrow. >> let's talk about your friend reagan, i think 18 times he raised the debt ceiling, so, nobody held him hostage the full faith and credit. stuart: if we do that now, no limit, there's no debt ceiling at all, and president obama could just, just borrow it. no one from congress, but borrow it, what happens. >> would i love to see some responsibility on behalf of congressional leaders. stuart: you don't think we'd get a debt crisis. >> been threatening bond vigilantes and things in the past five years, i haven't seen it yet. stuart: unfortunately we're out of time, but i love that smile. >> thank you, i love being on with you, despite the fact, talking-- the highlight of my day knowing i was going to be with you. stuart: and i do not believe you. >> it's 100%
have an agreement among all parties, congressional republicans as well as barack obama and if mitt romney had become president the same thing, and the last-- absolutely. stuart: we're going to unleash borrowing? >> i think what we need-- >> take off that ceiling and allow the the president to spend what he wants and therefore, borrow. >> let's talk about your friend reagan, i think 18 times he raised the debt ceiling, so, nobody held him hostage the full faith and credit....